I got an offer at a bulge bracket IB in Asia Pacific in the DCM team. How is the career on DCM?
Terrible. Give me your offer.
nuppal Wrote: ------------------------------------------------------- > Terrible. Give me your offer. yeah let nuppal suffer the terrible hours of IB job and do the grunt work. Let him become a office monkey.
What does DCM mean? It is an acronym with many possible meanings. For instance, Debt Capital Markets or Data Center Management.
It’s Debt Capital Markets
pupdawg82 Wrote: ------------------------------------------------------- > nuppal Wrote: > -------------------------------------------------- > ----- > > Terrible. Give me your offer. > > yeah let nuppal suffer the terrible hours of IB > job and do the grunt work. Let him become a office > monkey. It’ll keep me off the boards. Which everyone can agree on, lol.
I here DCM is ok–you’re not quite a banker, but you’re not quite a trader either. My friend who did it eventually left to work on a Sales and Trading desk.
punyagua Wrote: ------------------------------------------------------- > I got an offer at a bulge bracket IB in Asia > Pacific in the DCM team. How is the career on DCM? I’ll trade you my shitty corporate trust job for that offer.
Hello Mister Walrus Wrote: ------------------------------------------------------- > What does DCM mean? Actually I’m more confused about what bulge bracket means.
BB used to mean something until recently.
What’s a DCM, did I miss the memo?
I only know a couple of people in DCM but like ahahah mentioned, the two people I know ended up going to the sales side of S&T eventually and are enjoying their careers.
Hello Mister Walrus Wrote: ------------------------------------------------------- > BB used to mean something until recently. Not really.
I agree that BB is sort of a fuzzy definition. However, there is a reason that Nomura had to increase the salaries of its existing employees to match that of the new ex-Lehman Brothers staff that it acquired. Similarly, BAC had to give raises to its original IBankers after they acquired ML. The pay discrepancy definitely existed before the credit crisis.